#EURUSD @ 1.07617 clings to the positive territory near 1.0770 on Friday. (Pivot Orderbook analysis)
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- EUR/USD clings to the positive territory near 1.0770 on Friday.
- Extra upside impulse should challenge the 1.0800 barrier.
The pair currently trades last at 1.07617.
The previous day high was 1.0768 while the previous day low was 1.0662. The daily 38.2% Fib levels comes at 1.0728, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0703, expected to provide support.
EUR/USD trades in a cautious note near 1.0760/70 ahead of the key release of US Nonfarm Payrolls.
Despite Thursday’s rebound, the pair remains under pressure. Against that, the breach of the May low at 1.0635 (May 31) could pave the way to a drop to 1.0600 prior to the March low at 1.0516 (March 15). On the upside, the breakout of 1.0800 the figure could rapidly see the 100-day SMA at 1.0811 revisited ahead of the 55-day SMA at 1.0886.
A deeper pullback to the 2023 low at 1.0496 (January 6) would likely need a sharp deterioration of the outlook, which appears not favoured for the time being.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0500.
Technical Levels: Supports and Resistances
EURUSD currently trading at 1.0767 at the time of writing. Pair opened at 1.0762 and is trading with a change of 0.05 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0767 |
| 1 | Today Daily Change | 23.0000 |
| 2 | Today Daily Change % | 0.0500 |
| 3 | Today daily open | 1.0762 |
The pair is trading below its 20 Daily moving average @ 1.0828, below its 50 Daily moving average @ 1.0898 , below its 100 Daily moving average @ 1.0814 and above its 200 Daily moving average @ 1.0498
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0828 |
| 1 | Daily SMA50 | 1.0898 |
| 2 | Daily SMA100 | 1.0814 |
| 3 | Daily SMA200 | 1.0498 |
The previous day high was 1.0768 while the previous day low was 1.0662. The daily 38.2% Fib levels comes at 1.0728, expected to provide support. Similarly, the daily 61.8% fib level is at 1.0703, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 1.0693, 1.0624, 1.0587
- Pivot resistance is noted at 1.08, 1.0837, 1.0906
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0768 |
| Previous Daily Low | 1.0662 |
| Previous Weekly High | 1.0831 |
| Previous Weekly Low | 1.0702 |
| Previous Monthly High | 1.1092 |
| Previous Monthly Low | 1.0635 |
| Daily Fibonacci 38.2% | 1.0728 |
| Daily Fibonacci 61.8% | 1.0703 |
| Daily Pivot Point S1 | 1.0693 |
| Daily Pivot Point S2 | 1.0624 |
| Daily Pivot Point S3 | 1.0587 |
| Daily Pivot Point R1 | 1.0800 |
| Daily Pivot Point R2 | 1.0837 |
| Daily Pivot Point R3 | 1.0906 |
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